Employment contracts
Employment contracts are regulated by law and collective agreements.

Salaries

National monthly minimum wage as of 01/01/03:
The monthly minimum wage at present exchange rates is $163 (190,080 bolivars) in the private sector for urban workers, $150 (174,240 bolivars) for employees of small and medium-sized companies, and $150 (174,072 bolivars) for rural workers.

Average wage for a employee
in the manufacturing industry in
1997:
141122
bolivares
by
month
(ILO data)

Social security contributions

Employer: N/A.

Employee:
N/A.

Number of hours

Legal definition of full time work (per week):
44 hours

Retirement age: N/A.

Unions

Average rate of union membership:28 %.

Unions:
N/A.

Useful links

For further informations on the labour market, check out the following web sites: